FINTECH & PAYMENTS
By the end of 2022, the total number of unique FinTech users in Southeast Asia reached 420.5 million people. This is a 3.5% (+14.4 million) increase compared to the year prior.…
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In 2022, the countries of South & Southeast Asia saw a YoY decline of 83% in new fintechs, with only 349 startups emerging in the region. However, the volume of investments has not decreased so dramatically, with investors choosing less…
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Arta TechFin And OSL’s Partnership To Create An End-to-end Virtual Asset Financial Service Ecosystem
Arta TechFin, a hybrid fintech platform in both traditional assets and virtual assets (“VA”), and OSL, the digital asset business division of BC Technology Group, today entered into a strategic partnership (“partnership”) to create an end-to-end VA financial service ecosystem. …
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2 February 2023 The fintech sector in Indonesia has grown significantly during the last two years. The Covid Pandemic has sparked a surge in business growth across all fintech categories, including payments, lending, and investments. By 2025, based on current…
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5 January 2022 PayerMax, an omni-method global payments solution announced today that its group entity Int Payment Technology Pte. Ltd has been granted the Major Payments Institution (“MPI”) licence by the Monetary Authority of Singapore (MAS) under the Payment Services…
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Open Finance technology leader Brankas has developed "Brankas Open", a first-of-its-kind open source license for the next generation of Banking-as-a-Service and Open Finance software.…
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Network for Electronic Transfers (NETS), Singapore’s leading payment services group, today announced the launch of the NETS Prepaid Card, its first ‘smart’ stored-value card for retail and transit. Consumers can use the card at over 120,000 acceptance points, making NETS…
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Hong Leong Bank and Hong Leong Islamic Bank cardholders can enjoy a simple, secure and seamless contactless payment experience with Google Wallet starting today.…
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A comparative picture of national FinTech regulation in the countries of Southeast Asia is based on the sum of 13 criteria based on the public information - availability in the country of special FinTech laws & acts, sandboxes, government initiatives,…
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Endava, a global provider of digital transformation, agile development and intelligent automation services, today released their 2022 Global Payments Study. The report covers the norms of today’s business-to-business (B2B) payments on a worldwide scale, the challenges of operating a manual…
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SWIFT is almost the de facto standard for international funds transfers, so its mandatory adoption of the ISO 20022 standard for cross-border payments in March 2023 will have a profound effect on banks and financial services institutions. The ISO standard…
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